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Eagle Property Capital Secures $100 Million Acquisition Loan With Fannie Mae For Multifamily Assets

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FINANCED
$100,000,000
Brad Williamson
Mitch Sinberg
+ 2

Florida

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MultiFamily1,284 SF
Financed 10/31/2024
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FINANCED

Eagle Property Capital Secures $100 Million Acquisition Loan With Fannie Mae For Multifamily Assets

5820 Nature View Drive & 5953 Curry Ford Road

See Similar Deals
MultiFamily1,284 SF
Financed 10/31/2024
Brad Williamson
Mitch Sinberg
+ 2
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$77,881
Total Square Footage:1,284 SF
Transaction Type:Loan

The transaction involves multifamily assets located at 5820 Nature View Drive and 5953 Curry Ford Road, situated in the Windermere and Orlando markets. The properties comprise a total of 642 units with a loan amount of $100,000,000 processed through Fannie Mae. The loan includes a seven-year fixed-rate acquisition element for Windermere and a five-year fixed-rate refinancing component for Sunset Place.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $100,000,000
  • Locations: 5820 Nature View Drive, Windermere; 5953 Curry Ford Road, Orlando
  • Asset Units: 642
  • Lender: Fannie Mae
  • Landlord: Eagle Property Capital
  • Loan Type: Acquisition/Refinance
  • Loan Terms: Seven-year fixed-rate for Windermere, five-year fixed-rate refinancing for Sunset Place

The brokers involved in this transaction are Mitch Sinberg, Brad Williamson, Matthew Robbins, Scott Wadler, and Abigail Beauchamp, all affiliated with Berkadia. This team facilitated the acquisition and refinancing processes, representing Eagle Property Capital in securing the necessary financing for the properties.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Abigail Beauchamp
Berkadia
15 deals$589.5M volume
BROKER

Fannie Mae
LENDER

Details

FINANCED
IMAGE: Matthew Robbins, Mitch Sinberg, Brad Williamson, Abigail Beauchamp & Scott Wadler DATE: 10/31/2024 ADDRESS: 5820 Nature View Drive & 5953 Curry Ford Road MARKET: Windermere & Orlando ASSET TYPE: Multifamily ~ UNITS: 642 LENDER: Fannie Mae (@OfficialFannieMae) LANDLORD: Eagle Property Capital (@EPCInvest) BROKERS: Mitch Sinberg (@MitchSinberg), Brad Williamson, Matthew Robbins, Scott Wadler (@SWadler1) & Abigail Beauchamp - Berkadia (@Berkadia) LOAN AMOUNT: $100,000,000 LOAN TYPE: Acquisition/Refinance LOAN TERMS: Seven-year, fixed-rate acquisition loan for Windermere, and five-year, fixed rate refinancing of Sunset Place.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00